Austria: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Austria

The Austrian market for salted, dried or smoked meat, and offal expanded notably to $X in 2022, increasing by 5% against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Salted, Dried or Smoked Meat, and Offal in Austria

In value terms, production of salted, dried or smoked meat, and offal rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.4% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. Production of peaked in 2022 and is likely to see steady growth in the near future.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Austria

In 2022, overseas shipments of salted, dried or smoked meat, and offal decreased by -5.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of salted, dried or smoked meat, and offal stood at $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.4% against 2016 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Austria, together accounting for 86% of total exports. Switzerland, Denmark and Slovenia lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +25.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salted, dried or smoked meat, and offal exported from Austria were Germany ($X), Italy ($X) and the Czech Republic ($X), with a combined 85% share of total exports. Switzerland, Denmark and Slovenia lagged somewhat behind, together accounting for a further 5.2%.

In terms of the main countries of destination, Denmark, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, increasing by 5.5% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2020 an increase of 7.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Austria

After two years of decline, overseas purchases of salted, dried or smoked meat, and offal increased by 3% to X tons in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 115% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of salted, dried or smoked meat, and offal shrank notably to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Austria, with a combined 84% share of total imports. The Netherlands, Switzerland and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Austria, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and Hungary (+25.1% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, reducing by -19% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform